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Ivorian mining
Main mining companies present in Côte d’Ivoire
Large and mid-sized mining groups are starting to recognize the huge opportunity that exists:
Perseus, Endeavor, Resolute, Centamin, B2Gold, Montage Gold, Barrick, Allied Gold, Sama Resources, Managem and Fortuna Silver Mines now have strong real estate positions in the country.
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Mining in Côte d’Ivoire
Côte d'Ivoire is the economic engine of West Africa representing 40% of the Union's GDP.
With the adoption of a new mining code in 2014, the government created the legal and economic conditions to facilitate the exploration of its vast mineral resources, including:
- 5-year tax holiday on mining activities;
- Exemption from corporate and duty taxes during the exploration phase.
According to the Fraser Institute - Survey of Mining Companies 2016 - Ivory Coast ranks:
- 9th out of 104 for the mining potential of best practices;
- 17th out of 104 for attractiveness of investments.
The political environment is stable; the risk is reduced.